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COMPREHENSIVE INCOME TAX COURSE

Description:

• Basic Part I & Intermediate Part II with a total of 20 Chapters, 3 Hours per Chapter
• There are no entrance requirements.
• This 20-lesson Course will give you a solid foundation in individual tax preparation, enabling you to complete all of the standard returns.
• This Course focuses on the majority of tax forms needed to complete tax returns for yourself and the general public. In the Course you should acquire the knowledge and skills necessary to complete federal income tax returns and research tax issues. Because "Practice makes perfect", the Course requires at least two tax returns prepared for most chapters.
• With this knowledge, you can earn extra money as a tax professional

Course Materials/Resources:

• Comprehensive Income Tax Course Manual, by Peoples Income Tax
• Federal income tax reference material
• Certificate of Achievement upon completion
• Hands-on training from veteran tax preparers

Teaching Method:

• Online

Cost:

• The tax preparation course online is only $349.00 and books may be purchased for an additional $50 fee.

Availability:

• This Course is available now for the 2005 Tax Law (a tax law update is available at year-end when the new 2006 tax law has been finalized)

CPE Credit Eligibility:  60 hours of CPE Credit

Topics Include:

• Electronic Filing
• W-2 & 1099 Forms
• Form 1040 (1040 EZ/A)
• Interview Techniques
• Filing Requirements
• Filing Status
• Exemptions & Dependents
• Earned Income Tax Credit
• Due Diligence
• Child Care & Tax Credits
• Interest & Dividends
• Other Income
• Adjustments to Income
• Moving Expenses

• Itemized Deductions
• Employee Business Expenses
• Sale of Real Estate
• Depreciation: MACRS & ACRS
• Self-Employment
• Rental Property
• Capital Gains & Losses
• Alternative Minimum Tax
• Education Expenses & Plans
• IRAs & Retirements Plans
• Ethics
• Kiddie Tax
• Taxpayer Relief Act of 1997
• Tax Saving Ideas

ADVANCED INCOME TAX COURSE

Description:

• 10 Chapters, 3 Hours per Chapter
• Prior tax preparation experience/knowledge is required.
• This Course is designed to enhance the knowledge and experience of tax practitioners.
• Students normally enroll in this Course after completing the 10-week Comprehensive Income Tax Class and working at least one season as a tax preparer.
• This Course will give you the confidence to take on more complex returns by reinforcing your existing tax knowledge and building on it.
• This Course is also suitable for a veteran preparer who needs to refresh his/her skills.
• If you are an enrolled agent, accountant, lawyer, financial planner, business owner, experienced tax preparer, or just interested in increasing your tax knowledge, the Advanced Course will enable you to prepare more complex individual tax returns. This Course provides the critical education and knowledge which make the graduates more competent and successful than their competitors.

Course Materials/Resources:

• Advanced Income Tax Course Manual, by Peoples Income Tax
• Federal income tax reference material
• Certificate of Achievement upon completion
• Hands-on training from veteran tax preparers

Teaching Method:

• Online

Cost:

• The tax preparation course online is only $299.00 and books may be purchased for an additional $50 fee.

Availability:

• This Course is available now for the 2005 Tax Law (a tax law update is available at year-end when the new 2006 tax law has been finalized)

CPE Credit Eligibility:  30 hours of CPE Credit

Topics Include:

• Earned Income Credit
• Clergy
• Investments
• At Risk Rules
• Passive Activities
• Injured/Innocent Spouse
• Tax/Special Credits
• COGS/Business Start-Up
• Depreciation
• Amortization
• Section 179
• Employee Business Expense
• Office in Home

• Auto Expenses
• Self-Employment Tax
• Statutory Employees
• Capital Gains/Losses
• Basis of Property
• Sale of Stock
• Installment Sales
• Rental Properties
• K-1s/1099s
• Sale of Business Property
• Estimated Taxes
• Extensions

ADVANCED LEVEL II INCOME TAX COURSE

Description:

• Part II of the Advanced Course with a total of 10 Chapters, 3 Hours per Chapter
• Prior tax preparation experience/knowledge is required.
• This Course is designed to enhance the knowledge and experience of tax practitioners.
• Students normally enroll in this Course after completing the 10-week Comprehensive Income Tax Class, Advanced Level I and working at least one season as a tax preparer.
• This Course will give you the confidence to take on more complex returns by reinforcing your existing tax knowledge and building on it.
• This Course is also suitable for a veteran preparer who needs to refresh his/her skills.
• If you are an enrolled agent, accountant, lawyer, financial planner, business owner, experienced tax preparer, or just interested in increasing your tax knowledge, the Advanced Course Level II will enable you to prepare more complex individual tax returns. This Course provides the critical education and knowledge which make the graduates more competent and successful than their competitors.

Teaching Method:

• Online

Cost:

• The tax preparation course online is only $299.00 and books may be purchased for an additional $50 fee.

 Availability:  

• Online - January 2007
• Book will be released in December 2006

Course Materials/Resources:

• Advanced Level II Income Tax Course Manual, by Peoples Income Tax
• Federal income tax reference material
• Certificate of Achievement upon completion
• Hands-on training from veteran tax preparers

Topics Include:

• Amended Tax Returns for Individuals
• Special Needs and Concerns of Seniors
• Tax Issues for High Income Taxpayers
• Net Operating Losses
• Schedule D - Special Issues

• Tax Issues for Divorced Taxpayers
• Tax Planning Tips and Strategies
• Responding to the IRS
• Part-year Resident State Tax Preparation Principles
• Nonresident Alien Returns - Form 1040NR

INTRODUCTION TO SMALL BUSINESS INCOME TAX COURSE

Description:

• 10 Chapters, 3 Hours per Chapter
• Prior tax preparation experience/knowledge is required.
• If you are comfortable with your knowledge of individual tax return preparation, the next step is Introduction to Small Business Income Tax Course.
• This Course is designed as an introduction to some of the issues involved in the preparation of tax returns for various forms of business entities, which will give you the information necessary to handle partnerships and corporations.

Course Materials/Resources:

• Introduction to Small Business Income Tax Course Manual, by Peoples Income Tax
• Federal income tax reference material
• Certificate of Achievement upon completion
• Hands-on training from veteran tax preparers

Teaching Method:

• Online

Cost:

• The tax preparation course online is only $299.00 and books may be purchased for an additional $50 fee.

Availability:

• This Course is available now for the 2005 Tax Law (a tax law update is available at year-end when the new 2006 tax law has been finalized)

CPE Credit Eligibility:  30 hours of CPE Credit.

Topics Include:

• Business Types
• Accounting Methods
• Financial Statements
• Business Income
• Schedule C
• COGS/Inventory
• Depreciation
• Section 179 Deduction
• Contractor vs. Employee
• Sale of Business Property

• Partnerships
• Corporations - C, S, LLC
• Employee Taxes
• Excise Taxes
• Estate Taxes
• Extensions
• Estimates
• Employee Benefits
• Retirement Plans

SMALL BUSINESS LEVEL II INCOME TAX COURSE

Description:

• Part II of the Intro to Small Business Course with a total of 10 Chapters, 3 Hours per Chapter
• Prior tax preparation experience/knowledge is required.
• If you are comfortable with your knowledge of individual tax return preparation, the next step is Small Business Level II Income Tax Course.
• This Course is designed as an introduction to some of the issues involved in the preparation of tax returns for various forms of business entities, which will give you the information necessary to handle business returns with knowledge and confidence.

Course Materials/Resources:

• Small Business Level II Income Tax Course Manual, by Peoples Income Tax
• Federal income tax reference material
• Certificate of Achievement upon completion
• Hands-on training from veteran tax preparers

Teaching Method:

• Online

Cost:

• The tax preparation course online is only $299.00 and books may be purchased for an additional $50 fee.

 Availability:  

• Online - February 2007
• Book will be released in January 2007

Topics Include:

• Understanding the Balance Sheet
• Partnership Issues
• Corporation Issues
• General Business Credits
• Tax Issues Related to Buying a Business

• Sale or Liquidation of Business
• Profit or Loss From Farming - Schedule F
• Amended or Corrected Business Returns
• What to Do When You Owe the IRS?
• Tax Preparation for Non-profits: 501(c)(3), 501(c)(4), 501(c)(6), etc.

ETHICS CONTINUING PROFESSIONAL EDUCATION COURSE

Description:

• This Course is 3 hours in length.
• Prior tax preparation experience/knowledge is required.
• This course covers the guidelines set by the Internal Revenue Service that governs the practices and behaviors of all tax professionals.
• Publication 470 and Circular 230 are covered in this course for a better understanding of the IRS guidelines.
• Practice scenarios are included which provide situations and possible practical resolutions.

Course Materials/Resources:

• Ethics Income Tax Course Manual, by Peoples Income Tax
• Federal income tax reference material
• Certificate of Achievement upon completion
• Hands-on training from veteran tax preparers

Teaching Method:

• Online

Cost:

• The tax preparation course online is only $24.95

Availability:

• This Course is available now for the 2005 Tax Law (a tax law update is available at year-end when the new 2006 tax law has been finalized)

CPE Credit Eligibility:  3 hours of CPE Credit.

Topics Include:

• Ethics and Responsibilities of Tax Professionals
• Standards for various professional associations
• Addendum to Treasury Department Circular No. 230 (Rev. 7-2002)

• Sample Scenarios
• Suggested Solutions to Sample Scenarios

CALIFORNIA COMPREHENSIVE INCOME TAX COURSE

Description:

• Basic Part I & Intermediate Part II with a total of 20 Chapters, 3 Hours per Chapter
• There are no entrance requirements.
• This 20-lesson Course will give you a solid foundation in individual tax preparation, enabling you to complete all of the standard returns.
• This Course focuses on the majority of tax forms needed to fill out tax returns for yourself and the general public. In the Course you should acquire the knowledge and skills necessary to complete federal income tax returns and research tax issues. Because "Practice makes perfect", the Course requires at least two tax returns prepared for most chapters.
• The course also includes a piece for California to meet the requirement for the state, which satisfies qualifying education and continuing education requirements for CTEC.
  • Differences Between Federal and California Tax Laws
  • Military Income
  • Resident Issues
  • Nonresident & Part-year Resident Issues
  • California State Disability Insurance (CASDI)
  • Covenant Not to Compete
  • Community Property
• With this knowledge, you can earn extra money as a tax professional

Teaching Method:

• Online

Cost:

• The tax preparation course online is only $349.00 and books may be purchased for an additional $50 fee.

Availability:

• This Course is available now for the 2005 Tax Law (a tax law update is available at year-end when the new 2006 tax law has been finalized)

CPE Credit Eligibility:  60 hours of CPE Credit

Course Materials/Resources:

• Comprehensive Income Tax Course Manual, by Peoples Income Tax
• Federal income tax reference material
• Certificate of Achievement upon completion
• Hands-on training from veteran tax preparers

Topics Include:

• Electronic Filing
• W-2 & 1099 Forms
• Form 1040 (1040 EZ/A)
• Interview Techniques
• Filing Requirements
• Filing Status
• Exemptions & Dependents
• Earned Income Tax Credit
• Due Diligence
• Child Care & Tax Credits
• Interest & Dividends
• Other Income
• Adjustments to Income
• Moving Expenses

• Itemized Deductions
• Employee Business Expenses
• Sale of Real Estate
• Depreciation: MACRS & ACRS
• Self-Employment
• Rental Property
• Capital Gains & Losses
• Alternative Minimum Tax
• Education Expenses & Plans
• IRAs & Retirements Plans
• Ethics
• Kiddie Tax
• Taxpayer Relief Act of 1997
• Tax Saving Ideas

CALIFORNIA ADVANCED INCOME TAX COURSE

Description:

• 10 Chapters, 3 Hours per Chapter
• Prior tax preparation experience/knowledge is required.
• This Course is designed to enhance the knowledge and experience of tax practitioners.
• Students normally enroll in this Course after completing the 10-week Comprehensive Income Tax Class and working at least one season as a tax preparer.
• This Course will give you the confidence to take on more complex returns by reinforcing your existing tax knowledge and building on it.
• This Course is also suitable for a veteran preparer who needs to refresh his/her skills.
• If you are an enrolled agent, accountant, lawyer, financial planner, business owner, experienced tax preparer, or just interested in increasing your tax knowledge, the Advanced Course will enable you to prepare more complex individual tax returns. This Course provides the critical education and knowledge which make the graduates more competent and successful than their competitors.
• This course includes a piece on California Small Businesses to meet the requirement for the state, which satisfies qualifying education and continuing education requirements for CTEC.

Teaching Method:

• Online

Cost:

• The tax preparation course online is only $299.00 and books may be purchased for an additional $50 fee.

Availability:

• This Course is available now for the 2005 Tax Law (a tax law update is available at year-end when the new 2006 tax law has been finalized)

CPE Credit Eligibility:  30 hours of CPE Credit

Course Materials/Resources:

• Advanced Income Tax Course Manual, by Peoples Income Tax
• Federal income tax reference material
• Certificate of Achievement upon completion
• Hands-on training from veteran tax preparers

Topics Include:

• Earned Income Credit
• Clergy
• Investments
• At Risk Rules
• Passive Activities
• Injured/Innocent Spouse
• Tax/Special Credits
• COGS/Business Start-Up
• Depreciation
• Amortization
• Section 179
• Employee Business Expense
• Office in Home

• Auto Expenses
• Self-Employment Tax
• Statutory Employees
• Capital Gains/Losses
• Basis of Property
• Sale of Stock
• Installment Sales
• Rental Properties
• K-1s/1099s
• Sale of Business Property
• Estimated Taxes
• Extensions

CALIFORNIA INTRODUCTION TO SMALL BUSINESS INCOME TAX COURSE

Description:

• 10 Chapters, 3 Hours per Chapter
• Prior tax preparation experience/knowledge is required.
• If you are comfortable with your knowledge of individual tax return preparation, the next step is Introduction to Small Business Income Tax Course.
• This Course is designed as an introduction to some of the issues involved in the preparation of tax returns for various forms of business entities, which will give you the information necessary to handle partnerships and corporations.
• This course includes a piece on California Small Businesses to meet the requirement for the state, which satisfies qualifying education and continuing education requirements for CTEC.

Course Materials/Resources:

• Introduction to Small Business Income Tax Course Manual, by Peoples Income Tax
• Federal income tax reference material
• Certificate of Achievement upon completion
• Hands-on training from veteran tax preparers

Teaching Method:

• Online

Cost:

• The tax preparation course online is only $299.00 and books may be purchased for an additional $50 fee.

Availability:

• This Course is available now for the 2005 Tax Law (a tax law update is available at year-end when the new 2006 tax law has been finalized)

CPE Credit Eligibility:  30 hours of CPE Credit.

Topics Include:

• Business Types
• Accounting Methods
• Financial Statements
• Business Income
• Schedule C
• COGS/Inventory
• Depreciation
• Section 179 Deduction
• Contractor vs. Employee
• Sale of Business Property

• Partnerships
• Corporations - C, S, LLC
• Employee Taxes
• Excise Taxes
• Estate Taxes
• Extensions
• Estimates
• Employee Benefits
• Retirement Plans

CALIFORNIA SMALL BUSINESS & ETHICS CONTINUING EDUCATION INCOME TAX COURSE

Description:

• This Class is 20 hours in length
  (15 - Federal, 5 - State).
• Prior tax preparation experience/knowledge is required.
• This course covers Small Business Tax Preparation for California Small Business Owners.  This course also covers Federal and California State guidelines that govern the practices and behaviors of all tax professionals.
• California publications and reference material is included along with the Federal Publication 470 and Circular 230.
• This Course is approved by CTEC as Continuing Education for CTEC registered preparers who need to renew their CTEC registration.

Course Materials/Resources:

• CA Small Business & Ethics Income Tax Course Manual, by Peoples Income Tax
• Federal income tax reference material
• California Income Tax reference material
  • Pub 15, 334, 535, 551, and 583
  • FIT Pub 230, 470, and 1001
  • DE 44
• Certificate of Achievement upon completion
• Hands-on training from veteran tax preparers

Teaching Method:

• Online

Cost:

• The tax preparation course online is only $59.00

Availability:

• This Course is available now for the 2005 Tax Law (a tax law update is available at year-end when the new 2006 tax law has been finalized)

CPE Credit Eligibility:  20 hours of CPE Credit.

Topics Include:

• Business Income
• Business Expenses
• Record Keeping
• Employer Identification Numbers
• Business Taxes
• Employment Taxes
• California Business Taxes
• Common Law Test For Employment
• Non Resident Withholding
• COGS / Business Start-up
• Depreciation

• Amortization
• Section 179
• Sole Proprietorships
• Inventory Valuation
• Uniform Capitalization Rules
• Ethics and Responsibilities of Tax Professionals
• Standards for various professional associations
• Addendum to Treasury Department Circular No. 230 (Rev. 7-2002)
• Sample Scenarios
• Suggested Solutions to Sample Scenarios

EA EXAM PREPARATION COURSE BY EXAM MATRIX

Using a database of over 1,000 previous exam questions with detailed explanations, the renowned instructional design automatically creates customized study sessions for you based upon your demonstrated strengths and weaknesses, allowing you to study the areas you need to study, and in the correct quantity! If you need access to more in-depth information, our Research Tool contains all 119 IRS Publications utilized in the exam, available in .PDF format, right at your finger tips! Based upon your scores, the course indicates what areas in a given publication you need to read to provide additional learning, instead of having you read through every publication, cover to cover.

Teaching Method:

• Online

Cost:

• The EA Exam Preparation Course is discounted to $249 for The Income Tax School. The regular price at ExamMatrix is $299.

Availability:

• This Course is available at the end of June for 2005 Tax Law

CPE Credit Eligibility:  N/A